THE RESURGENCE OF POLITICAL ECONOMY 25 5 K Bharadwaj, "The Subversion of Classical Analysis: Alfred Marshall's Early Writings on Value", Cambridge Journal of Economics, (September) 1978. 6 P Sweezy, The Theory of Capitalist Development, New York, Monthly Review Press, 1942 followed by R Hilferding, "Bohm Bawerk's Criticism of Marx" in P Sweezy (ed), KarlMarx and the Close of His System, New York. Augustus Kelly, 1949. 7 See, particularly J Robinson, The Accumulation of Capital, London, Macmillan, 1956. P Garegnani, "Two Routes to Effective Demand", in J A Kregal (ed), Distribution, Effective Demand and International Economic Relations, London, Macmillan, 1983, suggests another route. 8 The literature on the transformation problem is vast. Among others, see P Sweezy, op cit; L Von Bortkiewicz, "Value and Price in the Marxian System", in International Economic Papers, No 2, New York, 1907; P Sraffa, op cit; F Seton, "The Transformation Problem", in Reverse of Economic Studies, Vol 24, 1957; M Morishima, Marx's Economics: A Dual Theory of Value and Growth, Cambridge, Cambridge University Press, 1973; I Steedman, Marx After Sraffa, London, New Left Books, 1977; LL Pasinetti, op cit, and Garegnani, op cit, 1981. 9 See K Bharadwaj, op cit, 1978; P Garegnani, op cit, 1981. 10 P Garegnani, "Notes on Consumption, Investment and Effective Demand", Part I, Cambridge Journal of Economics, (December) 1978; See also, Garegnani, op cit, 1981. 11 LL Pasinetti, Structural Change and Economic Growth, Cambridge, Cambridge University Press, 1981. 12 See Garegnani, op cit, 1978; Steedman, op cit, 1977. 13 See among others, J R Hicks, "Mr Keynes and the Classics", Econometrica, (April) 1936; F Modigliani, "Liquidity Preference and the Theory ofInteresFand Money", Econometrica, (Tanuary) 1944. 14 This is also called the Fundamental Theorem by Morishima, op cit, 1973. 15 Joan Robinson, Economic Heresies, London, Macmillan, 1971. 16 P Garegnani, op cit, 1981. 17 See R Glower, "The Keynesian Counter-Revolution: A Theoretical Appraisal", in T Brehling and F (ed), The Theory of Interest Rates, London, Macmillan, 1965; A Leijonhutvud, On Keynesian Economics and the Economics of Keynes, New York, Oxford University Press, 1968, among others. 18 LL Pasinetti, Structural Change and Economic Growth, Cambridge, Cambridge University Press, 1981; J Robinson, op cit, 1956; P Garegnani, op cit, 1983. 19 P Garegnani, Ibid. 20 Ibid. 21 J A Schumpeter, The Theory of Economic Development, New York, Oxford University Press, 1961, p 60. 22 J A Schumpctcr, Business Cycles; A Theoretical, Historical and Statistical Analysis of the Capitalist Process, New York, McGrow Hill Company, 1964 (abridged), p 21. 23 Ibid, pp 78-79. 24 Ibid, p 53. Also. op cit, p 63. 25 J A Schumpeter, Capitalism, Socialism and Democracy, London, Unwin University Books. 1966, pp 121-163. 26 J A Schumpeter, op cit, 1961, p 18. 27 Ibid, p 38. Emphasis added. 28 Ibid, p 43. 29 Ibid, p 46. 30 Ibid, p 53. 31 Ibid, pp 74-94. Also, op cit, 1964, pp 59-62. 32 J A Schumpeter. op cit, 1961, p 78; op cit, 1964, p 79. 33 op cit, 1961, p 106. 34 Ibid, p 116. 35 K Marx, Capital, Vol I, London, Laurence and Wishart, p 332. 36 Ibid, p 309.